Dealing with Tenants requests for Rent Reduction or Abatement
Are you overwhelmed with requests from commercial property tenants for rent reduction or abatement due to the effect of COVID-19?
Many Commercial Property Managers have never dealt with this type of situation, so WendyWho? Events are offering a weekly forum for support and tips on dealing with these requests as the environment in which we work and government directives change.
Landlords have commitments , Tenants have signed leases which rarely offer an “out” or variation to terms, Real Estate Agencies have commitments and can ill-afford to take reductions in management commissions.
So how can you manage this situation without being overwhelmed and maintain income to the agency. This calls for creative solutions and level headedness.
The forum will run on a weekly basis to assist commercial property managers as they navigate these new challenges.